Government grants are financial awards provided by the government to support businesses, individuals, or organisations. These grants can be used for economic growth, fostering innovation, supporting education and training, or promoting environmental sustainability. They do not require the recipient to pay back the money, making them a valuable source of funding. For students studying GCSE Business, understanding government grants is important, as they show how governments can influence business activities and provide financial assistance to sectors that align with national priorities or face challenges requiring strategic support.
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